Let's talk Hold & Volume

[TheGeneral+]

Some common terms we see afloat in the forum. Can we get some explanations as to the meaning of these terms in the sportsbetting industry? Please present some numbers as examples.

PS..We are here to assist the new posters. Just because alot know what is what doesn't mean we can't continue to educate the ones who do not know yet and are new to the industry.

Thanks

 

[BallBuster]

So Pete, feel free to answer your stupid post.

I'm sure you can answer the question you pose.

 

[TheGeneral+]

Ball Buster,

Its not stupid to those who do not know. We are all not experts buddy ol' pal.

Happy holiday

 

[newbie666]

Sports Betting Terms and Glossary
ACTION - Gamble/Bet
BR - Bankroll
BABY DOLLAR OR SMALL DOLLAR - $1 BACK DOOR - Cover bet in final moments of game
BAD BEAT - Tough betting loss
BEEF - Dispute over a wager
CHALK - Favorite
CIRCLED GAME - Betting limits reduced due to weather, injuries, etc.
CLAIM - Dispute over a wager, a.k.a beef COVER - Win your bet with the spread
DIME - $1,000
DOLLAR - $100
EARN - Percentage hold
EXOTIC BET - Any bet other than a straight bet
EXPOSURE - Amount of money the sports book stands to lose on a game.
FIGURE - Amount owed by or to a bookmaker.
FORM - Handicapping materials used for horse racing
GET DOWN - Wager on a game
HANDICAPPER - One who studies sports and predicts the results
HANDLE - Total amount of bets taken
HEDGE - Bet the opposite of your wager to reduce your action or secure a partial win
HOOK - Slang for a half point
HOME FIELD ADVANTAGE - Playing at home
JUICE - Refers to the 11 to 10 bettors lay on straight wagers; a.k.a vigorish
LAY A PRICE - Bet a favorite, lay the points.
LAYOFF - Wager made by one book with another to balance his action
LIMIT - Maximum bet accepted by the book before line is adjusted
LINE - The odds on a game
LOCK - A can't lose bet
MATADOR - A back-door cover MIDDLE - Betting both sides of the same game with the intention of winning both bets
NEUTRAL SITE - Two teams playing away from home
NICKEL - $500
OFF THE BOARD - No more wagers accepted due to injuries, start of game, weather, etc.
OVERLAY - When odds are in favor of the bettor rather than the house.
PARLAY - Bet with multiple teams where all must win for the bettor to win
PAST POST - To make a bet after an event has started.
PICK - A game with no favorite-an even match-up
PRICE - Line
PUPPY - Underdog
PUSH - Tie
ROUND ROBIN - A series of parlays all within the same wager
RUNDOWN - Line or score update
SCALPER - Betting both sides of a game to earn a profit
SCORE - A big betting win
SHARP - Wise guy
SQUARE - Unsophisticated or recreational gambler.
STEAM - Heavy action on one side. STRAIGHT BET - A bet on just one team.
TAKE A PRICE - Take the points.
TEASER - Similar to a parlay that adds/subtracts from the original line
TOUT SERVICE - A handicapping business that sells opinions on sporting events.
UNDERLAY - When the odds on a proposition are in favor of the house.
VALUE - An overlay
VIGORISH - See Juice
WISE GUY - Established and successful in sports gambling

 

[TheGeneral+]

Thanks newbie for the info there.

 

[newbie666]

GENERAL..= STAY AWAY FROM HIM...

 

[BallBuster]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
Ball Buster,

Its not stupid to those who do not know. We are all not experts buddy ol' pal.

Happy holiday<HR></BLOCKQUOTE>

What's stupid was your feigned ignorance of the subject.

 

[TheGeneral+]

PS..We are here to assist the new posters. Just because alot know what is what doesn't mean we can't continue to educate the ones who do not know yet and are new to the industry.



<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>What's stupid was your feigned ignorance of the subject. <HR></BLOCKQUOTE>

Well, I think God still loves me

 

[newbie666]

good morning teacher,,
good morning teacher
... suck my dick.. suck my dick...

 

[TheGeneral+]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by newbie666:
good morning teacher,,
good morning teacher
... suck my dick.. suck my dick...<HR></BLOCKQUOTE>

Good post newbie666.

is that turkey done yet? You going to party tonight?

 

[Alejocruz+]

Is it just me, or there is nowhere in newbie's post that explains what Hold and Volume are?

 

[SrMuny]

VOLUME= Total $ amount wagered

HOLD= % of the VOLUME the BOOK WINS or LOSES..

 

[PatrickMcIrish]

Volume is the same thing as handle, total amounts of bets taken. Hold is what you keep after the winners are paid. Hold will vary from shop to shop. At square shops like SIA for instance the hold % will be much higher than at CRIS. Generally books who open early and take all comers will not have as high a hold % but will make up for it in volume, or handle. Some books like to take their time opening or taking bets because it gives the numbers time to settle. The earlier you take bets the more exposure you have, generally speaking. Also obviously hold varies from bet to bet. As a rule you keep more on 3 team parlays than you do just straight sides. In the old days we kept about 4-7% on straight stuff and betweeen 10-20% on parlays and teasers.

 

[TheGeneral+]

On behalf of the newbies reading along, thanks men.

Have a great day

 

[docdekay]

However
It should be noted that when speaking of -110 both ways the theoretical hold of 4.5% that so many refer to is just that, theoretical.

Never wrote a ticket in my life, but speaking to BMs for years has demonstrated that the 4.5% is more of a myth than a reality. Most of the better books gamble more than than they strive for that elusive 4.5%

 

[TheGeneral+]

I thought I read where 1% should be acceptable. If the books would stop spending our money on side habits and hobbies, then they and we would be MUCH better off, but I know I am talking to the wall.